Biden says huge spending plan can redefine US 'trajectory'
WASHINGTON: President Joe Biden said on Thursday (Sep 16) he is confident Congress will pass a mammoth middle class spending plan that can \u0022change the trajectory\u0022 of the United States. In a speech at the White House, Biden said rebuilding the US economy in the wake of COVID-19 shutdowns is \u0022an opportu
WASHINGTON: President Joe Biden said on Thursday (Sep 16) he is confident Congress will pass a mammoth middle class spending plan that can"change the trajectory" of the United States.In a speech at the White House, Biden said rebuilding the US economy in the wake of COVID-19 shutdowns is"an opportunity to be the nation we know we can be."
Making the case for some US$3.5 trillion in spending on social services, like education, child care and climate crisis issues, Biden said"we're at an inflection point in this country - one of those moments where the decisions we make can change the trajectory of our country for years or decades to come."
Biden also argued for a series of tax increases aimed at corporations and the very wealthy, saying that loopholes allow America's richest entities and individuals to end up paying almost no income tax."It's long overdue. I'm not out to punish anyone. I'm a capitalist ... All I'm asking is you pay your fair share," he said."It's about the super wealthy finally beginning to pay what they owe." headtopics.com
The Democrat is banking on this message of fairness to get him across the finish line in Congress, where his party holds a razor thin majority over a Republican opposition showing no desire to compromise.The US$3.5 trillion social spending package would come on top of an approximately US$1 trillion infrastructure plan for things like roads and bridges.
Republicans have agreed to support that smaller Bill - an extremely rare case of bipartisanship that Biden also hopes to use as proof of his claims to have tried to unite the country.Hammered at home and abroad over the messy withdrawal from Afghanistan, where he ended America's lost 20-year war against the Taliban, Biden is keen to pivot to domestic issues and secure Democrats a major victory ahead of next year's congressional elections.
A big domestic win would also help resuscitate his presidency, which after a strong start looks bogged down by the Afghanistan fallout, a complicated economic recovery after COVID-19 shutdowns, and a resurgence of the pandemic thanks to the Delta variant of the coronavirus.
With an average approval rating of 46 per cent, according to FiveThirtyEight, Biden is one of the most unpopular presidents at this point in the first term in modern history - even if he is way ahead of where Donald Trump was at the same mark with 38.8 per cent approval. headtopics.com
HARD BARGAININGBiden says his"Build Back Better" plan will tilt the economy in favor of ordinary Americans after years of growing wealth gaps and a fraying of basic social services like education.It's a message with broad appeal, but Democrats are squabbling over how far to push it, with many content with the US$3.5 trillion price tag, leftist leaders wanting even more, and some moderates insisting on less than half.
With Democrats unable to afford losing a single vote in the 50-50 Senate and little more than that in the almost equally tight House of Representatives, Biden's entire agenda hangs in the balance.The key Senate votes are Democratic moderates Joe Manchin and Kyrsten Sinema, who have cold feet about the higher price.
Under pressure from his party to become more personally involved, Biden met privately with both Sinema and Manchin at the White House on Wednesday.The administration on Thursday also touted a letter of support signed by 15 Nobel economics prize winners who say his social spending plan will promote"success in the 21st century".
However, Republicans are playing hardball.They not only refuse to countenance the multi-trillion-dollar package but sense a chance to deal the Biden presidency a severe blow ahead of next year's polls, when they hope to take control of Congress.In addition to trying to block the big spending package - while agreeing to the smaller, hugely popular infrastructure Bill - Republicans are threatening to cause havoc by blocking approval of an increase to the national debt. headtopics.com
For years this has been largely a technicality and Republicans agreed to relax borrowing restrictions repeatedly when Trump was president.Refusing to vote for it in the coming weeks will force the Democrats to scramble to find ways to avoid a funding crisis that could trigger a US default and plunge the economy into turmoil.Read more: CNA »
MOH may use Pofma to clamp down on websites promoting ivermectin as a Covid-19 cure: Ong Ye Kung
SINGAPORE — The Ministry of Health (MOH) is looking into the possibility of using the Protection from Online Falsehoods and Manipulation Act (Pofma) to clamp down on websites that promote the use of anti-parasite drug ivermectin as a remedy against Covid-19.
Next term trump will withdraw everything. Cancel culture
Extreme weather will cost US more than US$100 billion this year: BidenGOLDEN, Colorado: President Joe Biden said on Tuesday (Sep 14) that extreme weather events would cost the United States over US$100 billion this year, as he visited Colorado to highlight drought conditions and raging wildfires in the US West. Colorado was his last stop on a three-state western sw
Mexican president urges Biden to end Cuba sanctionsMEXICO CITY: Mexican President Andres Manuel Lopez Obrador on Thursday appealed to US President Joe Biden to end sanctions against Cuba, warning the measures risked fomenting unrest. Lopez Obrador made the plea alongside his Cuban counterpart Miguel Diaz-Canel, who was a rare guest of honor at an Inde
Singapore's Carousell valued at US$1.1 billion after bagging US$100 million in new fundingSINGAPORE: Online classifieds marketplace Carousell has raised US$100 million in a fresh round of funding, taking its valuation to US$1.1 billion, it said on Wednesday (Sep 15). The latest round of funding was
Police say a man killed a Texas woman and shot her husband for supporting Joe BidenPolice first discovered the body of Georgetta Kauffman at her home in November 2020 after her husband, who after being shot multiple times, made it to a neighbour's house who called 911.
Australians squirm as Biden calls PM 'fellow Down Under'Australians squirmed Thursday as US President Joe Biden thanked their prime minister for joining a major new defence alliance -- but appeared to forget his name.
Biden top aides discouraged abrupt Afghan pullout, book saysPresident Joe Biden's top cabinet members unsuccessfully tried to dissuade him from pulling all US troops from Afghanistan, hoping he would leverage the withdrawal to seek a political settlement, a new book says. Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles